Mortgage Foreclosure
To avoid a mortgage foreclosure the owner of real property must take certain actions governed by state foreclosure laws. Many of these laws are procedural and if followed properly can help a person avoid mortgage foreclosure. The foreclosure process can be lengthy. Many times, a foreclosure is started by the holder of a mortgage, but then a successful negotiation takes place in which the mortgage debtor can avoid some of the damages or other financial distress relating to the foreclosure. A qualified attorney can provide very practical assistance to a person seeking to avoid mortgage foreclosure, both by negotiating with the mortgage holder and by extending the process by understanding the law and procedure.
For assistance with your case, click here to find Mortgage Foreclosure Attorneys near you or find an attorney in a different state.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently Asked Questions
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How long do I have to try to sell my house as a 'short sale'?
it depends on your lender's requirements and whether you qualify for any special government sponsored programs helping homeowners avoid foreclosure. For instance, under the … more -
Can any property be sold as a 'short sale'?
typically, if there are any junior liens, mortgages or other debts against the property, those must be cleared first before the property can be sold as a short sale. The servicer can … more -
Why Would a Lender Agree to a Short Sale?
Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather cut their losses and avoid a … more
Legal Articles
- The Mortgage Forgiveness Debt Relief Act of 2007
In December 2007, the federal government enacted the Mortgage Forgiveness Debt Relief Act. The Act was meant to provide tax relief to taxpayers who had debt forgiven on their primary residence and to help struggling homeowners. The Purpose of the Mortgage Forgiveness Debt Relief Act The idea behind the law was to help homeowners avoid foreclosures by not taxing them … more - How To Avoid Foreclosure
Are you facing foreclosure? More and more people are finding themselves in the difficult and unfortunate position of anticipating foreclosure of their homes. However, there may be alternatives to foreclosure. The options may vary depending upon your situation and you should contact your lender to explore those options sooner rather than later. The good news is that … more
Legal Guides
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Special Forbearance Fact Sheet (HUD)
This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more -
Mortgage Payments Sending You Reeling? Here's What to Do...
This publication from the Federal Trade Comission discusses how you might be able to save your … more
Top Related Mortgage Foreclosure Topics
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